Breaking $865mm Deal: Phillips 66 announces agreement to sell interest in Gulf Coast Express

Midstream Calendar Oil and Gas Global News and Network of Events

HOUSTON–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. […]

Venture Global’s Plaquemines LNG Achieves Historic First LNG Production

Midstream Calendar Oil and Gas Global News and Network of Events

Arlington, Virginia —Today, Venture Global announced it has reached first LNG production at the company’s second facility, Plaquemines LNG, in Port Sulphur, Louisiana. Achieving this milestone for a 20 MTPA nameplate capacity project 30 months from its Final Investment Decision (FID) makes Plaquemines LNG one of the two fastest greenfield projects to reach first production, […]